Hedge fund Glenview Capital announced after the close Tuesday that it asked Health Management Associates (HMA) to repeal a "poison pill" provision which prevents any entity from obtaining more than a 15% stake in the company. The fund would like HMA to raise the minimum permitted stake to 25%. Glenview also announced that it would look to nominate candidates to HMA's Board.
Health Management Associates gapped open sharply higher Wednesday, but was range-bound throughout the session. Shares finished up by 1.58 at $15.51 on above average volume. The stock rose above a week and a half long range and set a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.